Daily Market Insight
Daily Market Insight: 13 August 2024
• Fed's Bowman warns of inflation risks and cautions against rate cuts • Westpac reports a rise in Australian consumer sentiment in August after the RBA held rates steady • China's CPI inflation rose more than anticipated in July, while PPI continued to contract • The dollar braces for data impact on rate cut concerns
Daily Market Insight: 8 August 2024
• BOJ deputy governor lowers odds of a near-term rate hike • China's imports rise, but weak export growth raises concerns • Thai inflation rose in July but stayed below the central bank's target • Dollar rises slightly; yen falls as BOJ rules out further rate hikes
Daily Market Insight: 7 August 2024
• US trade deficit narrows to $73.1 billion as exports increase • German industrial orders surge, boosting economic hopes • Japan's June real wages rise for first time in nearly two years • RBA pushes back against near-term rate cut on inflation risk • Dollar stabilizes against yen as market eases
Daily Market Insight: 6 August 2024
• US service sector rebounds in July • Goolsbee: Fed won't overreact like markets • Investor confidence in the euro zone drops in August • China's services activity expands further • Dollar down as US rate cut bets rise, yen surges
Daily Market Insight: 5 August 2024
• Sluggish job growth drives unemployment to 4.3% • Fed's Barkin describes the slowing job growth as 'reasonable' while resisting major rate cuts • Japan's service sector activity rebounded in July • South Korea's inflation rises in July following three months of decline • Dollar hits four-month low as weak US jobs data boosts rate cut bets
Daily Market Insight: 2 August 2024
• US weekly jobless claims rise to 11-month high • US manufacturing gauge drops to eight-month low • Bank of England cautious after narrow rate cut vote • China’s manufacturing shrinks in July, Caixin PMI reports • Dollar gains from the risk-off mood; pound slips after rate cut
Daily Market Insight: 1 August 2024
• Fed holds rates steady while noting progress on inflation • BOJ raises rates, signals gradual end to bond buying • Eurozone inflation rises, posing challenge for ECB • China's sluggish factory PMI reveals problems in its export powerhouse • Dollar declines as Fed hints at potential rate cut in September
Daily Market Insight: 31 July 2024
• US Job Openings remain stable, contradicting recent trends • US Consumer Confidence rises on better economic outlook • Eurozone economy shows growth, but the future looks uncertain • Germany’s inflation rises unexpectedly, challenging the ECB • The Dollar steady ahead of Fed meeting; traders cautious
Daily Market Insight: 30 July 2024
• PCE inflation slips to 2.5% in June • China's industrial profits surged in June despite economic challenges • Thailand’s exports decline in June due to a slump in agricultural trade • Dollar trades sideways as markets await central bank and economic news
Daily Market Insight: 26 July 2024
• U.S. GDP grew 2.8% in Q2, surpassing expectations • US weekly jobless claims fall more than expected • German Ifo index falls sharply in July • Tokyo CPI inflation was subdued in July ahead of the BOJ meeting • The dollar was mixed, with focus shifting to the monthly Core PCE Index